Each month we compile the numbers for many of the communities of Niagara and Erie Counties. Every once in awhile I like to look at these numbers in a slightly different way, by price range. Looking at sales and listings in a variety of ways assist you in understanding what is happening in the Real Estate market.
Forbes names Buffalo one of the 25 strongest housing markets, yes there are still foreclosures but not like the rest of the country. In fact well priced homes are selling above asking price and with multiple offers. If you are a buyer and you see a home that you like and you know it is priced well and you want the home, you need to bring a good offer or risk the home selling to another savvy buyer.
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How to get a great Real Estate Deal in Western New York! I hear it on a regular basis from Western New York Buyers: “I want a Great Real Estate deal!” Makes you think of the popular TV game show “Let’s Make A Deal!” There sometimes you get a flashy sports car, and sometimes you left with his and her bicycles or worse. Much like the For Sale by Owners, WNY Buyers that try to go it alone without [...]
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In this report, I used the ranges based on the listing price, all numbers regarding sales are based on the actual sold price of the homes for sale in the listing price point.
Current Market Conditions by Price Range
April 15, 2012 – Western New York – Erie & Niagara Counties
Erie County Overall Stats
- 2,791 Active
- 1,398 Pending/under Contract
- YTD 1,143 closed sales
- 50.18% of Active listings have been on the market greater than 60 days
- 54.24% of sold properties have been on the market 60 or more days on the market
Niagara County Overall Stats
- 874 Active
- 335 Pending/Under Contract
- YTD 287 closed sales
- 60.41% of active listings have been on the market greater than 60 days
- 57.32% of sold properties have been on the market greater than 60 days
Homes over a Million Dollars
- The Avant – Luxury Condos in Buffalo NY
- Erie County Million Dollar Homes
- There are 23 active listings with an average list price of $1,481,670 ranging from $1,050,000 to $2,399,000
- There is one pending and one closed sale in the past thirty days there was one closed sale for $1,140,000 spending 195 days on the market
- YTD there has been 2 closed sale with an average sold price of $1,032,500 spending an average of 166 days on the market
Homes listed for $751,000 – $999,000
- Erie County Homes between $900,000 and $999,000
- There are 45 an average active listings with an average list price of $887,398 ranging from $755,900 to $999,000
- There was one pending and and in the past 30 days there has not been any closed sales
- YTD there has been 3 closed sales with an average sold price of $760,667 spending an average of 100 days on the market
Homes listed for $501,00 – $750,000
- Orchard Park Homes for Sale between $500,000 and $600,000
- Amherst Homes for sale between $500,000 and $600,000
- Amherst Homes between $600,000 – $700,000
- Lewiston Homes over $500,000
- Amherst Homes over $500,000
- There are 80 active listings with an average list price of $607,304 ranging from $509,900 to $900,000
- There are 10 are pending/under contract sales and in the past 30 days there has been 5 closed sales with an average sold price of $537,400 spending an average of 142 days on the market
Homes Listed for $251,000 – $500,000
- Erie County Single-Family Homes $250,000 – $500,000 Market Report
- WNY Single-family homes Market Report for the $250,000-$500,0000
- Clarence Homes $400,000 and $500,000
- Orchard Park Homes $400,000-$500,000
- Clarence Homes between $300,000 and $400,000
- Amherst Homes for Sale between $300,000 and $400,000
- Amherst Homes for Sale $400,000 – $500,000
- Clarence Homes $400,000 and $500,000
- Lewiston Homes between $300,000 and $400,000
- Lewiston Homes between $400,000-500,000 Market Report
- There are 614 active listings with an average list price of $339,296 ranging from $251,990 to $599,000
- There are 158 pending/under contract sales and in the past 30 days there has been 35 closed sales with an average closed price of $320,522 spending 111 days on the market
- YTD there has been 125 closed sales with an average sold price of $312,945 spending an average of 93 days on the market
Homes listed for $151,000 – $250,000
- Lewiston Homes between $200,000 and $300,000
- North Tonawanda Homes between $200,000 and $300,000
- Orchard Park Homes Between $200,000 and $300,000
- Clarence Homes for Sale between $200,000 & $300,000
- Tonawanda Real Estate 200-300K Single Family Homes
- Amherst Homes $200,000-$300,000
- There are 964 active listings with an average list price of $197,397 ranging from $152,500 to $300,000
- There are 438 pending/under contract sales and in the past thirty days there has been 87 closed sales with an average sold price of $183,444 spending an average of 87 days on the market
- YTD there has been 303 sold listings with an average sold price of $184,631 spending an average of 89 days on the market
Homes listed for $51,000 – $150,000
- Amherst/Williamsville Homes For Sale $100,000 – $200,000
- Lewiston Homes – $100,000 to $200,000
- Clarence Homes For Sale $100,000 – $200,000
- Tonawanda Real Estate Home Sales $100,000-200,000
- Niagara County Homes under $100,000
- Tonawanda Homes under $100,000 Market Report
- Orchard Park Homes $100-200k
- North Tonawanda Homes For Sale $100,000-$200,000
- There are 1,602 active listings with an average list price of $103,034 ranging from $51,000 to $165,000
- There are 953 pending/under contract sales with 186 closed sales in the past 30 days with an average sold price of $96,922 spending an average of 74 days on the market
- YTD there has been 826 closed sales with an average sold price of $98,448 spending an average of 85 days on the market
Homes listed under $50,000
- Niagara Falls – Homes under $50,000
- Buffalo NY Homes under $50,000
- There are 361 active listings with an average list price of $34,456 ranging from $3,500 to $80,000
- There are 202 pending/under contract sales with 41 closed sales in the past 30 days with an average sold price of $29,634 spending an average of 75 days on the market
- YTD there has been 162 days on the market spending an average of $27,647 spending an average of 75 days on the market
Past Market Reports
September 7, 2010 – Western New York – Erie & Niagara Counties
Homes over a Million Dollars
- There are 27 active listings with an average list price of $1,563,137 ranging from $1,050,000 to $2,500,000
- There are 2 pending/under contract sales and no closed sales in the past 30 days
- YTD there has been 4 closed sales with an average sold price of $1,132,250 spending an average of 140 days on the market
- Highest closed $1,425,000 – 238 days on the market
- Lowest closed $940,000 – 35 days on the market
- 75% closed sales were on the market greater than 120 days
Homes between $751,000 – $990,000
- There are 33 active listings with an average list price of $863,174 ranging from $759,000 and $999,000
- There are 2 pending/under contract sales and no closed sales in the past 30 days
- YTD there has been 1 closed sale for $849,900 spending 103 days on the market
Homes between $501,000 – $750,000
- There are 116 active listings with an average list price of $610,000 ranging from $510,000 and $750,000
- 43.97% of active listings have been on the market longer than 120 days
- There are 15 pending/under contract sales and in the past 30 days there has been 8 closed sales with an average sold price of $551,150 spending an average of 74 days on the market
- YTD there has been 48 closed sales with an average sold price of $577,252 spending an average of 93 days on the market
- Highest closed – $735,900 – 1,101 days on the market
- Lowest closed – $450,000 – zero days on the market
- 39.58% of the closed sale sold under 30 days
Homes between $251,000 – $500,000
- There are 720 active listings with an average list price of $337,253 ranging from $254,000 to $499,951
- There are 175 pending/under contract sales and in the past 30 days there has been 40 closed sales with an average sold price of $312,448 spending an average of 94 days on the market
- YTD there has been 476 closed sales with an average sold price of $311,826 spending an average of 71 days on the market
- Highest closed – $530,000 – 745 days on the market
- Lowest closed – $155,000 – zero days on the market
Homes between $151,000 – $250,000
- There are 600 active listings in this price range with an average list price of $195,127 ranging from $151,000 and $309,900
- There are 287 pending/under contract sales and in the past 30 days there has been 94 closed sales with an average list price of $101,936 spending an average of 62 days on the market
- YTD there has been 1112 closed sales with an average sold price of $186,747 spending an average of 62 days on the market
- Highest closed – $410,000 – 510 days on the market
- Lowest closed – $128,000 – zero days on the market
Homes between $51,000 – $150,000
- There are 1,968 active listings with an average list price of $105,452 ranging from $51,900 and $220,000
- Ther eare 797 pending/under contract sales and in the past 30 days there has been 154 closed sales with an average sold price of $101,936 spending an average of 59 days on the market
- YTD There has been 2,809 closed sales with an average sold price of $101,161 spending an average of 54 days on the market
- Highest closed – $177,500 – 569 days on the market
- Lowest closed – $28,500 – zero days on the market
Homes under $50,000
- There are 572 days on the market with an average list price of $33,682 ranging from $5,000 to $80,000
- There are 194 pending/under contract sales and in the past 30 days there has been 41 closed sales with an average sold price of $25,502 spending an average of 87 days on the market
- YTD there has been 588 closed sales with an average sold price of $27,358 spending an average of 78 days on the market
- Highest closed – $68,016 – 765 days on the market
- Lowest closed – $2,000 – zero days on the market
